Additionally, Evolution’s shares also rose 6.5% to a record-breaking 1,555 Swedish Krona. The entire profit for the first quarter amounted to €132 million.
Based on the Q1 report, Evolution is the leader in the European market, especially after its successful purchase of NetEnt for €1.9 billion at the end of 2020. This transaction gave Evolution access to a couple of top-performing slot games, including Starburst, Gonzo’s Quest, Piggy Riches, etc.
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Chief executive at Evolution, Martin Carlesund, said in an interview that the live casino titles have had some trouble finding the audience and saw some operational difficulties, but online slots were much more successful.
North America and Asia continue to be the two main sources for growth, with the United States being the target, especially since more states are thinking about making online gambling legal.
Evolution also spent another €450 million on the acquisition of the Australian-based slot game developer Big Time Gaming. They entered the deal earlier this month and expect to complete the transaction during the second quarter.
Carlesund also stated that Evolution is looking for further acquisitions.